Tag: depegged
Decentralized Exchanges Posted Record $25B Daily Volume as USDC Depegged
The previous high of $24.3 billion occurred in May 2021, when bitcoin was worth roughly $65,000 and ether $4,400.
www.coindesk.com [...]
Debtors saved over $100M using de-pegged stablecoins to repay loans
The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors t [...]
USDC depegged, but it’s not going to default
Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stab [...]
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan
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Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs
Sili [...]
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